Pinnacle understands the needs of those involved in the alternative markets, the most important of which is controlling insurance costs over the long term. Each program has unique risk characteristics that are often the impetus for the program formation in the first place. Differing geographic, industry or line of business mixes of business may dictate customized approaches to reviewing the risk profile for your program.
Pinnacle has expertise in a wide variety of lines of business, regulatory jurisdictions and industry niches. Not only do we have a team of experienced consultants at your service, we also have local knowledge unique to individual market segments, such as:
- General liability for contractors
- Medical professional liability for physician groups
- Workers' compensation for temporary staffing firms
- Law enforcement liability for public entity pools
- Commercial auto liability for taxi and/or public livery
Alternative Markets Services
Audit SupportPinnacle consultants deal with auditors daily, assisting them in serving their customers and evaluating the work products of other actuaries.
Collateral NegotiationsPinnacle provides loss reserve analyses and other diagnostics in support of collateral negotiations associated with deductible and/or self-insured retentions.
Cost AllocationsPinnacle is experienced developing cost allocation mechanisms by member or department in the most equitable manner using elements such as – exposure, geographic cost differences and actual loss experience.
DiscountingManagement sometimes wishes to reflect the time value of money in funding projections, accruals for unpaid claims liabilities and other valuations. The two most important parameters for doing so are the assumed interest rate and the underlying claim payment pattern. Assessing reasonable values for these parameters is not trivial as the interest rate may need an adjustment for risk while the claim payment pattern may not be readily available.
Alternative Risk Transfer Program DesignPinnacle helps alternative market risk owners, captive managers and service providers determine risk retentions that optimize the balance between the cost of risk transfer and loss volatility.